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Nike’s stock drops as plan to cut almost 1,700 jobs highlights need for new strategy

https://www.marketwatch.com/story/nike-to-lay-off-more-than-1-600-employees-to-cut-costs-report-8e3bd3cb?mod=mw_rss_topstories
Nike Inc. to cut 2% of its workforce as part of its plan to cut costs in order to spend more to boost profitability and innovation…

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